Apple fiscal Q2 2016 by the numbers: $50.6B sales, $1.90 EPS

The spotlight shines on the world's most-valuable company this fine Tuesday, as Apple revealed results for fiscal second quarter 2016. Wall Street expected the first revenue growth decline in more than a decade and iPhone's first-ever sales retraction . Is the sky finally falling? Eh, not yet. But the sun slowly sets over the vast smartphone empire. Ahead of today's earnings announcement, Wall Street consensus put revenue down 10.4 percent year over year to $51.97 billion, with earnings per share down 14.2 percent to $2. Apple actual: $50.57 billion sales, $10.5 billion net income, and $1.90 EPS. Three months ago, the… [Continue Reading]